At its essence, the blockchain resembles a ledger, consisting of a series of records and data points that can be likened to a spreadsheet or an ancient accounting book. In comparison with conventional record-keeping methods such as spreadsheets or antiquated books, blockchain data is disseminated across a global network of computers. As a result, there is no single source that can be lost, altered, or rendered outdated. Instead, the blocks (or transaction bundles) are verified at multiple validation nodes to confirm their accuracy. The term “block” is employed to characterize the process of storing any data and the state of the network at the moment the data is recorded in discrete units or blocks. For instance, if you wish to transfer a cryptocurrency or token to another individual, the transaction data must be incorporated into a block for the transaction to be successful. The expression “chain” is derived from the fact that each block contains a cryptographic reference to the preceding block. This functions as a domino effect for blocks. Modifying the information within a block necessitates the reprocessing of all subsequent blocks, which, in turn, demands the consent of every node within the network. Each “node” in the network is required to validate the new block and the entire chain. The collective term for these computers is “nodes.” Nodes ensure that everyone engaging with the blockchain possesses identical data. Blockchains necessitate a consensus mechanism to accomplish this decentralized agreement. Numerous distinct blockchain technologies are currently in use, such as Bitcoin, Ethereum, Tron, Solana, and others. Each employs its unique consensus mechanism to utilize blockchain technology for data storage, value preservation, or even program execution.